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Working Capital Fund for the Financial Year 1972

A/RES/2901(XXVI)No PDF available

Who created this mandate?

A Resolution of the General Assembly, published in 1972.

What else is in this group?

25 documents · 1952–1973
Newer documents in this group exist (latest: 1973).
  • 1973A/RES/3046(XXVII)Working Capital Fund for the financial year 1973Compare with earlier document
  • 1972A/RES/2901(XXVI)Working Capital Fund for the financial year 1972Compare with earlier document
  • 1971A/RES/2740(XXV)Working Capital Fund for the financial year 1971Compare with earlier document
  • 1970A/RES/2615(XXIV)Working Capital Fund for the financial year 1970Compare with earlier document
  • 1969A/RES/2484(XXIII)Working Capital Fund for the financial year 1969Compare with earlier document

This group bundles related documents that are not individually ordered.

iGrouped automatically by matching titles within the same organ.

What subjects does this mandate have?

5 topics
BudgetBudget ContributionsBudget ProjectionsFinancingFunds

What does this mandate say?

11 operative paragraphs
1
The Working Capital Fund shall be established for the year ending 31 December 1972 in the amount of $US 40 million;
2
Member States shall make advances to the Working Capital Fund in accordance with the scale adopted by the General Assembly for contributions of Members to the budget for the financial year 1972;
3
There shall be set off against this allocation of advances:
a
Credits ta Member States resulting from transfers made in 1959 and 1960 from surplus account ta the Working Capital Fund in a total amount of $1,079,158;
b
Cash advances paid by Member States to the Working Capital Fund for the financial year 1971 under General Assembly resolution 2740 (XXV) of 17 December 1970;
4
Should the credits and advances paid by any Member State to the Working Capital Fund for 1971 exceed the amount of that Member State's advance under the provisions of paragraph 2 above, the excess shall be set off against the amount of the contribution payable by the Member State in respect of the financial year 1972;
5
The Secretary-General is authorized to advance from the Working Capital Fund:
a
Such sums as may be necessary to finance budgetary appropriations pending the receipt of contributions; sums so advanced shall be reimbursed as soon as receipts from contributions are available for the purpose;
( b) Such sums as may be necessary ta finance commitments which may be duly authorized under the provisions of the resolutions adopted by the General Assembly, in particular resolution 2900 (XXVI) of 22 December 1971 relating to unforeseen and extraordinary expenses; the Secretary-General shall make provision in the budget estimates for reimbursing the Working Capital Fund;
c
Such sums as, together with net sums outstanding for the same purpose, do not exceed $150,000, to continue the revolving fund to finance miscellaneous selfliquidating purchases and activities; advances in excess of the total of $150,000 may be made with the prior concurrence of the Advisory Committee on Administrative and Budgetary Questions;
d
With the prior concurrence of the Advisory Committee on Administrative and Budgetary Questions, such sums as may be required to finance payments of advance insurance premiums where the period of insurance extends beyond the end of the financial year in which payment is made; the Secretary-General shall make provision in the budget estimates of each year, during the life of the related policies, to cover the charges applicable to each such year;
( e) Such sums as may be necessary to en able the Tax Equalization Fund to meet current commitments pending the accumulation of credits; such advances shall be repaid as soon as credits are available in the Tax Equalization Fund;
6
Should the provision in paragraph 1 above prove inadequate ta meet the purposes normally related to the Working Capital Fund, the Secretary-General is authorized ta utilize, in 1972, cash from special funds and accounts in his custody, under the conditions approved in General Assembly resolution 1341 (XIII) of 13 December 1958, or the proceeds of Ioans authorized by the Assembly.
22 December 1971.

iParagraph content is machine-extracted from UN documents. For authoritative content, please refer to the official UN document.

Table of contents

No headings found in this document.